Central Bank of Sri Lanka published on 19 March 2020 The Central Bank of Sri Lanka introduces Urgent Measures to Ease the Pressure on the Exchange Rate and Prevent Financial Market Panic due to the COVID-19 Pandemic. As per the provisions of the Monetary Law Act No. 58 of 1949, the Banking Act No. 30…
The Commissioner General of Inland Revenue has published a notice pertaining to changes proposed in the Budget 2021 to the Inland Revenue Act, No. 24 of 2017. These changes mainly relate to the following: Exemptions from Income Tax Tax rate changes Tax computation, deductions and qualifying payments Tax administrative measures Other proposals Tax relief measures…
Department of Inland Revenue has published a notice in addition to the notice issued under PN/Tax Returns/2020-01 on 21.04.2020 allowing extension for submission of returns and taking in to account the prevailing situation in the country, the date of submission for following Tax Returns has been further extended up to July 15, 2020. Annual Declaration…
The Department of Inland Revenue has now published in their website, the Withholding Tax Return, Schedule Templates and Guidelines applicable for the year of assessment 2018/2019, in terms of section 84 and 85 of the Inland Revenue Act No. 24 of 2017 and the Circular No. SEC/2018/06 published on 18 April 2018. Please find attached…
Department of Inland Revenue has published a quick guide on “How to file Statement of Partnership Income online”. Download Quick Guide – “How to file Statement of Partnership Income“
This set of guides, which explains very briefly the main provisions of the Inland Revenue Act No. 24 of 2017 (the Act) which provide the Department’s view point of the legal provisions and guidance to the general public and the taxpayers. It is intended to issue a Manual of Income tax providing comprehensive information and…
Due to the prevailing situation of the country affected by the Covid-19 pandemic, the Inland Revenue Department is not in a position to issue Tax Clearance Certificates to the persons who make outward remittances. All Commercial Banks, Authorized Dealers engaged in outward remittances and the persons who make the outward remittances are hereby informed that the Notice issued…
Download English| Sinhala Finance Bill to amend the Finance Act, No. 35 of 2018; to provide for the imposition of a Foreign Commercial Transactions Levy; and to provide for the matters connected therewith and incidental thereto.
Notice to the Commercial Banks & Authorized Dealers Engaged in Outward Remittances and the Persons who make Outward Remittances. Requirement of Tax Clearance Certificates for Outward Remittances Due to the prevailing situation of the country affected by the Covid-19 pandemic, the Inland Revenue Department is not in a position to issue Tax Clearance Certificates to the persons who…
Department of Inland Revenue has published a sample format of Corporate Income Tax Return and Guide to filling the Return & Schedules for the Y/A 2019/2020. Download: Return of Income – [Asmt_CIT_001_E] Schedules to Return of Income – Part A – [Asmt_CIT_002A_E] Schedules to Return of Income – Part B – [Asmt_CIT_002B_E] Guide to Corporate…
Department of Inland Revenue has published a notice on Filing of Country by Country Report (CbCR) of the MNE Group. Download IRD Notice | PN/TP/2020-03 | Dated: 22.12.2020
Department of Inland Revenue has published Annual Statement of Employer (PAYE Return) for the Y/A 2019/2020. Download Annual Statement of Employer 2019/2020 Schedule 01 – For Remuneration Other than and Once- and –for – all payments Schedule 02- For Ones- and-for-all Payments Instructions to Complete the Annual Statement of Employer and Schedules
Taking into account of the COVID – 19 pandemic situation in the country, importers and exporters of goods are requested to obtain Taxpayer Identification Number (TIN) and Value Added Tax Registration (temporary or permanent) through e-Services provided in Inland Revenue web portal. Download IRD Notice: PN/TPS/2021-02 | Dated: 03.03.2021
Department of Inland Revenue has published Guide to Individuals Tax Return of Income – Year of Assessment 2018/2019. Download English Guide Download Sinhala Guide